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  • Treaties and TIEAs signed this week
    Type of Agreement Country Country Date Signed Tax Information Exchange Agreement Bermuda India February 10 2010 Double Tax Treaty Barbados China February 10 2010 Amendment to Double Tax Treaty Switzerland Canada February 15 2010
    February 16 2010
  • Container Corporation v Commissioner of Internal Revenue
    Guaranty fees are sourced to the guarantor’s location for tax purposes. The United States Tax Court held that Container Corp, a US subsidiary, didn’t have to withhold US tax from the fees paid to its Mexican parent company, Vitro, for guaranteeing its debt.
    February 17 2010
  • Tax executives highlight concerns over US policy
    The high corporate tax rate in the US has led tax executives to name US taxation of international operations as their top business tax concern in 2010.
    February 18 2010
  • Countries face sanctions over information exchange
    When they meet in Seoul in South Korea this month, finance ministers of the G20 nations are set to confirm that they will impose economic sanctions on developing nations that have failed to comply with the OECD's initiative on information sharing agreements.
    February 18 2010
  • Canadian tax system ranks highly despite tax burden
    Report shows discrepancy between tax burden and ease of paying taxes.
    February 18 2010
  • Pay-go requirements will complicate future tax legislation
    President Obama has signed into law new budget rules requiring the US Congress to offset the costs of tax cuts or increases in entitlement spending with higher taxes or reduced spending elsewhere in the budget.
    February 18 2010
  • Indian taxpayers attracted by tax disputes alternative
    With the number of tax disputes in India increasing annually and some disputes lasting for several years, taxpayers are seeking an alternative to the traditional method of dispute resolution that is quicker and cheaper.
    February 12 2010
  • Settlement fails to end avoidance doubts
    The largest commercial settlement in New Zealand history, between the country's four largest banks and the Inland Revenue, has done nothing to alleviate uncertainty over its tax avoidance laws.
    February 19 2010
  • Greek advisers want official tax proposals
    The Greek government has announced its plans for tax reforms but advisers are getting impatient that nothing concrete has been announced yet.
    February 19 2010
  • Wilkins Kennedy appoints new VAT partner
    Chartered accountants and business advisers Wilkins Kennedy has appointed Andy Dawbarn as VAT partner.
    February 19 2010
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